An out and out horror film, PRAGUE will be entirely shot in the city by the same name. Previously an executive producer on Anurag's films - DEV D and THAT GIRL IN YELLOW BOOTS, Khaitan is elated that his mentor Anurag agreed to produce his first film.

"PRAGUE revolves around three young architects that experience paranormal activity while exploring the city of Prague, which is famous for its paranormal tales. I couldn't be happier that my mentor of so many years is producing my first film. I couldn't have asked for a better starcast than Kalki. I am so glad she agreed to do my film. The film features Chandan Roy Sanyal, Gulshan Deviah and a new boy as the three young architects," says Khaitan.

PRAGUE is expected to go on floors in July and is slated for a January 2012 release.